... Mr D took out a medical policy with full cover benefit for his four-year-old son. Some years later, his son was admitted to a private hospital to receive a colonoscopy due to per rectal bleeding. The surgeon’s fee charged by the doctor was HK$48,000. Mr D then filed a claim for the...

... asked to replace your existing policy? Is it solely for your own benefits? (b) Will the protection be continuous without interruption? A new policy usually has a waiting period before its full benefits apply (e.g. suicide is covered normally after a waiting period of one year from the issue date of the...

... IRR is a way to calculate future cash flow, including the premiums paid over the full payment period and all annuity income, at an annualized rate. In general, a higher IRR means a better return. There are a variety of QDAPs available in the market. The returns are affected by many factors...

... assets, the tendency to trade off stability for yield is well-restrained, attributable to the long-term nature of insurance liabilities as well as variable capital charges embedded in risk-based solvency schemes. It is for this reason that the Insurance Authority (IA) is moving ahead with full steam to...

... assets, the tendency to trade off stability for yield is well-restrained, attributable to the long-term nature of insurance liabilities as well as variable capital charges embedded in risk-based solvency schemes. It is for this reason that the Insurance Authority (IA) is moving ahead with full steam to...

... assets, the tendency to trade off stability for yield is well-restrained, attributable to the long-term nature of insurance liabilities as well as variable capital charges embedded in risk-based solvency schemes. It is for this reason that the Insurance Authority (IA) is moving ahead with full steam to...

... “support” the customer’s affordability. It was found that some customers were able to use PF to purchase policies with a level of premium typically in excess of his/her affordability levels, resulting in over-leveraging3. In one particular case, the total premium amount of the said policy was found to be...